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Bitcoin Price Following Analyst’s Prediction For Bullish Breakout, Here’s The Target

The Bitcoin price appears to be moving in lockstep with a bullish prediction made by a crypto analyst earlier this month. According to the analyst’s forecast, Bitcoin is set to break out to a new all-time high above $120,000 following the announcement of a temporary tariff pause by United States (US) President Donald Trump. $120,000 Bitcoin Price Forecast In Motion Kaduna, a crypto analyst on X (formerly Twitter), has released a follow-up analysis on his previous bullish prediction of Bitcoin, highlighting that it is playing out as expected. On April 11, the analyst predicted that Bitcoin was preparing for a massive push above $120,000. Related Reading: Trump’s Tariff Pause Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point He outlined a thesis that the 90-day suspension of President Trump’s Tariffs would act as a powerful macroeconomic catalyst for Bitcoin. Kaduna argued that the market may start “frontrunning” about a month early, culminating in a mini bull market during a 55-day “exit window” between April 3 and June 3 2025. Accompanying this bullish analysis was a detailed chart comparing Bitcoin’s price movements through candlesticks with a blue overlay, believed to represent a macroeconomic indicator such as global M2. The blue line in the chart projects a steady climb during this window, offering a clear visual target above $120,000. Kaduna had stated that if his prediction played out, he would exit most positions by the end of the window. Just days after his bullish forecast, Bitcoin has begun mirroring the projected path. Kaduna revealed in a follow-up candlestick chart that Bitcoin is breaking above the local resistance at $84,000 with strong volume support, aligning with the predicted overlay. This early strength suggests that the frontrunning behaviour the crypto expert projected earlier is now playing out in real time. The blue line suggests a potential move toward the $120,000 – $125,000 range over the next month and a half, setting a clear upside target if momentum continues. Bitcoin’s price action is also unfolding right on cue within the 55-day window, validating the analyst’s bullish thesis. Both the overlay and Bitcoin’s prices are trending upwards, signaling that the market is indeed reacting to the macroeconomic tariff catalyst. If this trajectory holds, it would mark a significant validation of the analyst’s macro-technical analysis approach. Update On The Bitcoin Price Action Following its crash below $80,000, the Bitcoin price seems to be on a path to recovery. CoinMarketCap’s data reveals that Bitcoin is currently trading at $83,395, marking a significant 7.16% increase over the past week. Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 The cryptocurrency had broken the resistance level at $84,000 earlier this week. However, it retraced sold gains and is now trading at its present market value. Given its fluctuating price and unstable market, crypto analysts like Tony Severino have revealed that he is neither bullish nor bearish on Bitcoin. Instead, he seems to be taking a wait-and-see approach, closely monitoring how the market responds to ongoing volatility driven by the US Trade war and tariff implementation. Featured image from Adobe Stock, chart from Tradingview.com CoinOtag

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Coinbase Warns of a New Crypto Winter as Market Concerns Grow

The crypto market may be entering a new period of long-lasting decline, known as a “crypto winter.” According to Coinbase Institutional, several signs suggest that the market is weakening. Falling prices, reduced investment, and growing global uncertainty point to a major market downturn. Altcoin Market Drops Sharply David Duong, Head of Research at Coinbase Institutional, shared a report on Tuesday showing how much the crypto market has fallen. The total crypto market cap, excluding Bitcoin (BTC), has dropped to $950 billion. This is a 41% fall from its $1.6 trillion peak in December 2024 and 17% lower than it was at the same time last year. Duong pointed out that this drop is even worse than most of the decline between August 2021 and April 2022. While altcoins have dropped significantly, Bitcoin has only fallen by less than 20%. This means the leading cryptocurrency is now more stable than most others. Duong also said venture capital investment in crypto increased slightly in the first quarter of 2025. However, it is still 50% to 60% lower than in 2021 and 2022. This drop in funding is a problem, especially for smaller altcoins. With less investment funding, starting new projects and growing the crypto industry is harder. Coinbase on Impact of Price Swings A 20% rise or fall in the stock market often signals a new trend. However, crypto prices can move more than 20% without real change. Duong said looking at other signs to understand the market is better. He suggested using tools like risk-adjusted performance and the 200-day moving average. He explained that the 200-day moving average (200DMA) is useful for spotting market trends. If prices stay above the 200DMA, the market is strong. If prices stay below it, the market may be weak. Tariff Fears Add More Pressure It was pointed out that crypto prices are falling partly because of worries about global trade policies . President Donald Trump recently talked about adding new tariffs. This made many investors nervous. These global issues, higher interest rates, and falling stock prices are making it harder for people to invest in risky assets like crypto. Even though the market is weak, Duong believes there could be a turnaround later in the year. He said prices may find support around the middle or end of the second quarter of 2025. If investor confidence improves, crypto could begin to recover in the third quarter. However, Duong also said that investors should be careful for now. The market is still facing many risks, and recovery may take time. Nevertheless, once market sentiment improves, recovery can happen quickly. Experts believe Coinbase is poised to benefit from crypto recovery . The post Coinbase Warns of a New Crypto Winter as Market Concerns Grow appeared first on TheCoinrise.com . CoinOtag